EverSource Wealth Advisors LLC Cuts Position in iShares Gold Trust $IAU

EverSource Wealth Advisors LLC cut its stake in iShares Gold Trust (NYSEARCA:IAU) by 7.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 666,445 shares of the exchange traded fund’s stock after selling 57,542 shares during the period. iShares Gold Trust accounts for approximately 1.8% of EverSource Wealth Advisors LLC’s portfolio, making the stock its 7th largest position. EverSource Wealth Advisors LLC’s holdings in iShares Gold Trust were worth $58,754,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of IAU. Godfrey Financial Associates Inc. bought a new position in shares of iShares Gold Trust in the 4th quarter worth approximately $25,000. Monetary Solutions Ltd bought a new stake in shares of iShares Gold Trust during the fourth quarter valued at approximately $26,000. Merkkuri Wealth Advisors LLC bought a new stake in shares of iShares Gold Trust during the first quarter valued at approximately $26,000. Fairway Wealth LLC grew its stake in iShares Gold Trust by 525.0% in the first quarter. Fairway Wealth LLC now owns 300 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 252 shares during the period. Finally, Rossby Financial LCC raised its holdings in iShares Gold Trust by 75.7% in the fourth quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 140 shares in the last quarter. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust News Roundup

Here are the key news stories impacting iShares Gold Trust this week:

• Positive Sentiment: ETF inflows and continued central-bank buying are providing underlying support for gold, while weaker-than-expected U.S. consumer confidence could eventually strengthen expectations for slower economic growth and lower interest rates. Gold and Silver Price Forecast: ETF Inflows Support Gold Ahead of Fed Week
• Positive Sentiment: Longer-term demand remains supported by China and other Asian buyers. BMO Capital Markets said China’s gold holdings could surpass U.S. holdings within five years, while ongoing central-bank accumulation may help establish a floor under prices. China’s Gold Stockpile Could Surpass U.S. Holdings Next Five Years
• Neutral Sentiment: The launch of CME Group’s 24/7 one-ounce gold contract generated roughly $60 million in weekend trading, highlighting sustained investor interest and improving access, but it does not directly change gold’s near-term fundamentals. 60 Million Traded During Inaugural Weekend of CME’s 24/7 Gold Contract
• Negative Sentiment: Gold sellers have gained control despite a softer dollar and favorable yield conditions, as markets reprice interest-rate expectations toward a more hawkish Fed. Elevated yields increase the opportunity cost of holding IAU. Gold Market Ignores Lower Dollar as Rate Hike Fears Build
• Negative Sentiment: Commerzbank downgraded its gold and silver outlook, warning that gold may struggle to hold the $4,000-per-ounce area and could face further selling while the Iran conflict continues. Analysts also expect gold to remain range-bound for several months if the Fed delays policy changes. Commerzbank Downgrades Gold and Silver Prices

iShares Gold Trust Trading Down 1.4%

IAU opened at $75.70 on Wednesday. The company has a market cap of $62.52 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. The stock has a fifty day simple moving average of $79.20 and a two-hundred day simple moving average of $86.74. iShares Gold Trust has a 12-month low of $61.60 and a 12-month high of $104.40.

iShares Gold Trust Profile

iShares Gold Trust (the Trust) is to own gold transferred to the Trust in exchange for shares issued by the Trust (Shares). Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist of gold held by the Trust’s custodian on behalf of the Trust. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).